No Credit Car Loan

Lack of a substantial credit history should not preclude you from getting an auto loan. A no credit car loan may be available from a lender, but you will have to do some research to prepare and then select a financial institution that is able to handle a no credit car loan.

If you are considering a no credit car loan, there are some preliminary steps you can take to make yourself a better candidate:

• Establish a Checking and Savings Account – Lenders like to see that you are responsible and that you haven't overdrawn your account.
• Apply for a Credit Card – If you Use a credit card and make all your monthly payments promptly, you can build up some credit history. Gas and department store cards are generally easier to get. As a last resort, you can get a secured credit card, which requires a deposit. It's important to make sure that the card issuer reports to a credit bureau, otherwise the credit card does nothing to build up your credit history.
• Maintain a Steady Background – Lenders usually award applicants with a steady employment and residence history. Having a utility and phone number in your name can also be quite helpful.

CarsDirect can help you with your no credit car loan needs. We work with a network of dealers who specialize in this area of financing. The dealer has access to a number of financial institutions and will shop around to find you the best deal on a no credit car loan.

Simply fill out a quick and easy application, and you'll be on your way to getting your vehicle! The service is free and absolutely no obligation is required.